Intuit Acquires Healthcare Software Company Medfusion For $91 Million

0

Business software company Intuit has announced the acquisition of healthcare communications software company Medfusion. The cash transaction is valued at approximately $91 million. The transaction is expected to close during the fourth quarter of Intuit’s fiscal year 2010.

Intuit plans to integrate Medfusion into its Quicken Health solutions. Intuit says the acquisition will be used to further its presence in the healthcare sector, helping medical professionals communicate with patients online, access and manage personal health records, and of course, provide a better way for patients and professions track healthcare expenses.